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Citi's LavaFlow Pays $5M To Settle SEC Data Leak Charges

Citigroup Inc. unit LavaFlow Inc., a leading alternative trading platform, on Friday agreed to pay $5 million to settle U.S. Securities and Exchange Commission charges of failing to protect confidential trading data, marking the latest action regulators have taken against off-exchange trading venues.

  • H&M, Aeropostale Settle Suit Over 'Live Love Dream' Mark

    A New York federal judge on Friday signed off on a settlement to end Aeropostale Inc.'s lawsuit claiming H&M Hennes & Mauritz AB stole the trademark-protected phrase "Live Love Dream" from its retail rival.

  • Lloyds Confirms 'Late-Stage' Libor-Rigging Settlement Talks

    Lloyds Banking Group PLC said Friday that it is close to reaching a settlement with regulators to end an investigation into its alleged role in manipulating a benchmark rate that measures how much banks charge one another to borrow money.

  • Fox Inks $9.3B Deal With BSkyB As Time Warner Rumors Swirl

    Rupert Murdoch's 21st Century Fox Inc. said Friday it would unload its stakes in German and Italian pay-TV assets to British Sky Broadcasting Group PLC in a deal worth $9.3 billion, a move that will likely help Fox in its high-profile hunt for Time Warner Inc.

  • BNP Paribas Reaches $80M Deal In Federal Credit FCA Suit

    BNP Paribas SA and two affiliates have agreed to pay $80 million to settle the federal government’s False Claims Act suit over a scheme to fraudulently obtain government financing for international shipments under a U.S. Department of Agriculture credit program, according a Texas federal court order filed Thursday.

  • Former BES Chief Arrested As 3rd Espirito Co. Hits Bankruptcy

    Troubles worsened within Portugal’s Espirito Santo banking empire Thursday when prosecutors arrested the former chief executive of Banco Espirito Santo in a money-laundering and tax-evasion probe and a third company in the group sought court protection from creditors.